Magic Wheelchair

Analysis

Magic Wheelchair is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magic Wheelchair reported income of $132k and spending of $196k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $132k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Magic Wheelchair sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OR. Charities of a similar size with the same main cause include Skatefest Omaha ($132k), Vermont Parent Child Center Network ($132k) and Medway Family Ministries ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (15% of expenses). At year end it held assets of $30k against liabilities of $41, net assets of $30k.